Imperial Tavern on Ludlow for Sale?

Posted on: January 20th, 2011 at 6:09 am by

Imperial Tavern just announced itself at 161 Ludlow Street early last month, but is already testing the market for potential buyers.  That’s right!  Despite the healthy supply of fratty neon drink signs in the windows, there is now a real estate listing for the business via Tower Brokerage.  And all the pictures are current.  According to the website (and Craigslist), asking price for the 1,400 square-foot space with dual bars is $11,500 per month, plus a whopping $325,000 in key money.  The buyer would gain a ten year lease.  A flip in the works?

This image has been archived or removed.

The self-proclaimed “right restaurant at the right time” arrived rather suddenly on the already-destroyed scene.  One day 161 Ludlow was Paladar (the second iteration, anyway), and seemingly overnight, became the Imperial Tavern.  Same owners, though. 5 Ninth alum Nick Grosz is manning chef duties, and compiled a “foodie stoner” menu complete with burgers, mac ‘n’ cheese, fried chicken, and biscuits.

This image has been archived or removed.

But all the stoners out there are just gonna have to wait. The Tavern has been closed since the beginning of the month for alleged “kitchen upgrades.” A sign on the door reads as follows:

Our kitchen is undergoing upgrades and compliance repairs. We expect food service to resume by Tuesday, January 25 provided we receive the requisite signoffs of the work.  Thank you for your patience.  We could use some ourselves.

As a postscript, a reliable source tells us more about the ownership behind Imperial Tavern.  The man helming the operation is apparently Mason Reese from Destination, who hired a bunch of the out-of-work Superdivers to his team. Including “Kegmaster Matt.”

Recent Stories

Two Lower East Side Businesses Join ‘American Dream’ Food Court in the Meadowlands

A host of New York City businesses are headed to the gargantuan American Dream complex in north Jersey. Two of which hail from the Lower East Side, we’ve just learned. Empanada Mama, with locations on Allen Street and Hell’s Kitchen, recently signed a lease to join the party. Apparently the deal was forged during the […]

Displaced Tenants of 70 Mulberry Street Issue Statement on Demolition and Redevelopment

In the wake of a divisive Community Board 3 meeting, in which preservationists were pitted against a desire for return, the displaced tenants of 70 Mulberry Street came together yesterday and issued a joint statement about shared priorities moving forward. Many in the Chinatown community feel that the city, owner of the fire-scorched former school […]

The Pandemic Through the Eyes of a Teenager on a CitiBike [VIDEO]

Earlier this month, a local teenager took to the empty streets of New York City with only a bicycle and iPhone to document. His name is Arjun Govind, a student of LaGuardia High School (the Fame school) on the Upper West Side. The well-produced short film is a glimpse at the initial stages of the […]

The City is Demolishing 70 Mulberry Street without Chinatown Input

Four months after a devastating five-alarm fire, it seems the city is content to let 70 Mulberry Street meet the wrecking ball. The Department of Buikdings and Department of Citywide Administrative Services together Plan full demolition, without community input. Roughly a dozen concerned Chinatown residents “attended” the Community Board 3 Land Use committee meeting last […]

Thieves Continue to Target ‘Ginger & Lemongrass’ on Rivington Street

With coronavirus lockdown the new normal, crime is seemingly on the rise around the Lower East Side. And Ginger & Lemongrass, the two-year-old Vietnamese restaurant at 153 Rivington Street, is apparently a ripe target. The business last week fell victim to theft for the second time in as many months. “The Lower East Side is […]